The reasons why I am shorting EOS are as follows:
1 . Good news and super nodes had already pumped the price.
In order to be one of the 21 supernodes, you need to participate in the vote, and in order to get votes, you need to have tons of EOS, that's why EOS pumped in the last month. After the voting run, the participants that failed will sell all of their EOS, so the price will dump again.
2. EOS becomes a game of minorities
Crypto's core is decentralization, but for EOS, the power is hold in just 21 super nodes. All the new mined EOS goes to them, and I am sure that they will sell them at once, which is their initial motivation to participate in the election. So there will be a constant sell pressure on EOS price.
For BTC ecosystem, there are miners, new BTCs need power consumption to go into circulation, so that BTC is more like Gold. And the miners will have the motivation to push price to above their marginal cost. And other cryptos neds BTC to exchange. But for EOS, it’s not true. If you visit EOS official website, so many mining ETH goes in to exchange for EOS, you know what I am saying.
3. EOS has no intrinsic value in it, and to replace ETH, it’s a long way.
There will not be one uniform DAPPs platform in the future, ETH will still be the largest, because it has proven it’s technology, and it’s still evolving, but not for EOS. Anything that goes wrong with EOS will dump the price to hell. In order to support the price at this level, EOS needs to hold hundreds of Dapps, which will take a long time, in the case there are other better platforms like ADA.
4. EOS lied about their transactions.
The just sum up all nodes’ transactions together, and will not reach the 500k transactions per minute in their whitepaper. They are in a rush to publish their products, and I do not think it’s good for a root platform. Tests need to be performed strictly and carefully.
So just sell it, and wait for at least half a year, to see how it goes.